Keoma, Alberta Real Estate Market Data
Updated: Nov 2024
House
| Median price | $475,000 |
| Monthly growth | 1.1% |
| Quarterly trend | 4.0% |
| Stock on market | 0.7% |
Apartment
| Median price | $290,000 |
| Monthly growth | 0.8% |
| Quarterly trend | 2.5% |
| Stock on market | 1.0% |
Prices by Number of Bedrooms
Houses
| Bedrooms | Median Price |
|---|---|
| 2 bedrooms | $420,000 |
| 3 bedrooms | $475,000 |
| 4 bedrooms | $575,000 |
Apartments
| Bedrooms | Median Price |
|---|---|
| 1 bedrooms | $240,000 |
| 2 bedrooms | $340,000 |
| 3 bedrooms | $420,000 |
Demographics
| Current Population (2025) | 15,500 |
| Previous Population (2020) | 15,000 |
| Population Change | 3.3% |
| Total Private Dwellings | 6,200 |
| Occupied Private Dwellings | 5,700 |
| Population Density (per km²) | 1.6 |
| Land Area (km²) | 2,500.5 |
Market Analysis
Current Market Conditions and Trends
The real estate market in Keoma, Alberta is currently experiencing moderate growth. The median house price stands at $475,000, which marks a 4% increase year-over-year. This suggests a steady demand for single-family homes, with prices gradually rising. Similarly, the median apartment price has seen a smaller, yet consistent uptrend of 2.5% year-over-year, now at $290,000. The population of Keoma has grown to 15,500 residents, reflecting a robust 3.3% population growth, which may be contributing to the increased housing demand.
Investment Opportunities and Potential
Investors looking to enter the Keoma real estate market can find opportunities in both the single-family home and apartment sectors. With the population growing steadily, demand for housing is expected to remain strong. Given the more significant increase in house prices compared to apartments, investors might find greater capital appreciation potential in purchasing single-family homes. However, apartments could offer a more accessible entry point into the market and potentially higher rental yield percentages due to their lower price points.
Future Market Outlook
The future outlook of Keoma’s real estate market appears positive. Population growth is likely to sustain housing demand. If current trends continue, we can expect both segments of the market (houses and apartments) to see ongoing increases in value. Nonetheless, potential investors and current homeowners should monitor local economic developments and any changes in interest rates or government housing policies that could influence future market conditions.
